Question: Use the financial information below for problems 4 to 8 (tax rate is 21%) Sales Depreciation COGS Other expenses Interest expense Kash Accounts receivable

Use the financial information below for problems 4 to 8 (tax rate is ( 21 % ) 4. Construct a balance sheet and income stat

Use the financial information below for problems 4 to 8 (tax rate is 21%) Sales Depreciation COGS Other expenses Interest expense Kash Accounts receivable Notes payable Long-term deb Net fixed assets payable Accounts Inventory s Dividends Is Short-term investments s Accruals $ Common stock (100,000 shes S Retained earnings ||$ s Is Is b. C. d. Is ||$ e. f. g. h. 2020 16.595 2.3765 i. j. 5.690 1,3535 1,110 86765 LAS 1,6745 s s 15 29.060 s s 8. for 2021. 72.7705 6,2695 4. Construct a balance sheet and income statement from the information above. 20,424 1.99 5. Construct a common size balance sheet for 2020 and 2021. Comment on any changes in the percentages of assets and liabilities. 6,640 21,862 2.314 9,6455 10,227 1,2555 75,200 $ 9,5455 6. Construct a common size income statement 2020 and 2021. Comment on any of the changes in the composition of the income statement. 2021 18,498 2,484 6,731 7. Compute the following using the data from 2021 except where noted: 1.325 9,247 13,482 1641 35,229 77.610 1,410 75,200 Current ratio Quick ratio Net working capital Total asset turnover Debt/Equity ratio Net profit margin Return on assets Return on equity Inventory turnover Receivables turnover Use the DuPont equation to decompose return on equity

Step by Step Solution

3.40 Rating (147 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

4 Construct a Balance Sheet and Income Statement from the Information Above Balance Sheet 2020 Assets Cash 12595 Accounts Receivable 43482 Inventory 9247 Shortterm Investments 6640 Total Current Asset... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!